a. $100 doubles to $200 in five years or seven years. b. $500 increases in four years

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a. $100 doubles to $200 in five years or seven years.

b. $500 increases in four years to $750 or to $800.

c. $300 increases to $450 in two years or increases to $500 in three years. A $1,000 investment has doubled to $2,000 in eight years because of a 9 percent rate of return. How much longer will it take for the investment to reach $4,000 if it continues to earn a 9 percent rate? (LG8)

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